
Resources

February 18, 2026
Getting institutional assessments right: How qualitative scores shape sovereign credit ratings
Read MoreAddressing hidden biases and outdated proxies in sovereign risk analysis.

November 14, 2025
Scaling credit enhancement models for sustainability-linked sovereign financing
Read MoreRecommendations and actions to scale and strengthen credit-enhanced sovereign sustainability-linked financing.

November 7, 2025
Unlocking climate capital for emerging markets and developing economies: An adaptive regulatory and policy reform agenda
Read MoreA policy roadmap to reduce risk, lower capital costs and mobilise institutional investment for climate action in EMDEs.

July 10, 2025
SSDH is endorsing two key initiatives
Read MoreSSDH is endorsing two key initiatives presented by Spain at the Fourth International Conference on Financing...

July 3, 2025
Côte d’Ivoire Sustainability-Linked Financing Framework
Read MoreSustainalytics is of the opinion that the Côte d’Ivoire Sustainability-Linked Financing Framework aligns with...

July 3, 2025
Côte d’Ivoire Sustainability-Linked Financing (SLF) Framework
Read MoreCôte d’Ivoire is transforming its economy to drive sustained and resilient economic growth while becoming a leader...

June 23, 2025
Climate Resilient debt Clauses and Beyond – providing breathing space in sovereign borrowing
Read MoreThe Roundtable on Climate Resilient Debt Clauses (CRDCs) and Beyond, held in Madrid on the 2nd of June 2025, brought...

June 2, 2025
Climate Resilient debt Clauses and Beyond – providing breathing space in sovereign lending and borrowing
Read MoreA broad ecosystem approach is critical to overcome existing barriers and scale the integration of Debt Pause Clauses....

May 30, 2025
Scaling sustainable sovereign debt
Read MoreThe landscape of sustainable sovereign debt is evolving and, with it, the institutions leading the charge...

April 17, 2025
Innovative Financing Structures as Game Changers for Nature and Climate
Read MoreLow-and middle-income (LMI) countries harbour a significant portion of the world’s biodiversity and are home to unique..

February 26, 2025
Nature as a Shock Absorber
Read MoreThis report introduces the Financial Materiality Assessment (FIMA) framework, which integrates nature and climate...

November 26, 2024
From Conditionality to Commitment: A Sustainability-linked Approach to Financing the Green Transition
Read MoreThis paper explores the integration of climate adaptation and natural capital into macroeconomic frameworks and debt...

November 22, 2024
Consultation paper: Integrating climate adaptation and natural capital into macroeconomic frameworks and debt sustainability
Read MoreThis paper explores the integration of climate adaptation and natural capital into IMF macroeconomic frameworks and...

May 13, 2024
Sustainability-Linked Bond Handbook
Read MoreThe SLB Handbook from the Anthropocene Fixed Income Institute offers a practical overview of the SLB market.

March 20, 2024
NDEs and Credit Ratings: the Impact of the 2007-2008 Global Financial Crisis on the Credit Ratings of Nature Dependent Exporters
Read MoreHere we explore the relationship between NDE categories, sovereign credit ratings, and resilience to global economic...

March 20, 2024
Sustainability-Linked Bonds: How to make them work in developing Countries, and how donors can help
Read MoreThis report provides an overview of developments, challenges and opportunities in the new sustainabilitylinked bond...

November 2, 2023
From Links to Linkages
Read MoreThis paper explores possibilities of integrating the proceeds of natural capital into sovereign debt instruments.

October 12, 2023
Assessing Nature-Related Issues in Sovereign Debt Investment
Read MoreBuilding on the TNFD’s recommendations and additional guidance, NatureFinance has developed tailored guidance...

September 19, 2023
Investor Questionnaire Results Report
Read MoreSSDH carried out a survey among major institutional debt asset managers on Sovereign Sustainability-Linked Debt.

August 29, 2023
Saving sustainability-linked bonds
Read MoreThe World Bank's blog proposes solutions to reinvigorate the SLB market.

August 10, 2023
A Green Deal for the Amazon - Sovereign SLBs
Read MoreMoritz Kraemer argues that tailored SLBs can support incentives for conservation for governments in the Amazon region.

June 30, 2023
The Triple Agenda - Strengthening Multilateral Development Banks
Read MoreThe report of an Independent Expert Group commissioned by the Indian G20 Presidency argues for a radical reform of MDBs.

June 15, 2023
Sovereign SLB: an option for Japan’s transition
Read MoreJapan is looking to finance its decarbonisation program with transition bonds. AFII suggests sovereign SLBs instead.

March 31, 2023
More for Less: Scaling Sustainability-linked Sovereign Debt
Read MoreA viable market for sustainability-linked debt can address the triple challenge of public debt distress, climate...

March 23, 2023
The potential of sovereign sustainability-linked bonds in the drive for net-zero
Read MoreThe Bruegel's report explores how sovereign SLBs could incentivise climate policies and emission reductions in the EU.

January 25, 2023
The Role of Credit Enhancement in Sovereign Sustainability-linked Debt Issuance
Read MoreThe Landscaping Review explores the role that credit enhancement can play in sustainability-linked sovereign debt.

December 14, 2022
Stepping out of the comfort zone: What’s next for sustainability-linked financing?
Read MoreThis blog from the World Bank discusses the future of sustainability-linked financing.

October 29, 2022
Notes on Risk-Neutral Pricing of SLBs and Step-down Structures
Read MoreAFII's paper analyses Sustainability-Linked Bonds (SLBs) through a risk-neutral present value scenario approach...

October 26, 2022
LANDMARK NEW PLATFORM TO CATALYSE MARKET FOR SUSTAINABILITY-LINKED SOVEREIGN BONDS, ANNOUNCED TODAY.
Read MoreWith exactly two months until COP-27 in Sharm el-Sheikh in Egypt, an ambitious platform to boost the development...

September 7, 2022
SSDH Prospectus
Read MoreThe Sustainability-linked Sovereign Debt Hub (SSDH) creates both an inclusive cooperative space...

August 12, 2022
Debt-for-Climate Swaps: Analysis, Design, and Implementation
Read MoreThis paper compares debt-for-climate swaps—partial debt relief operations conditional on debtor commitments to undertake

July 11, 2022
Integrating Nature into Debt Sustainability Analysis
Read MoreThis report highlights the importance of integrating nature-related risks into debt sustainability frameworks for...

June 28, 2022
Could a sovereign sustainability-linked bond help protect the Amazon? Part 2
Read MoreThis blog is part two of a two-part blog series. The previous blog describes the Brazilian context and the difficulties

June 27, 2022
Could a sovereign sustainability-linked bond help protect the Amazon? Part 1
Read MoreThis blog is part one of a two-part blog series. This blog describes the Brazilian context and the difficulties with pur

June 23, 2022
Nature Loss and Sovereign Credit Ratings
Read MoreBiodiversity loss and environmental degradation can have material impact on sovereign creditworthiness. Current methodol

April 5, 2022
Chile sustainability-linked bond: Optionality analysis
Read MoreAnthropocene Fixed Income Institute's review illustrates how to price the optionality value in the SLB...

March 23, 2022
Wildlife Conservation Bond mobilizes private capital to protect critically endangered rhinos
Read MoreThe World Bank’s USD 150 million Wildlife Conservation Bond (WCB) is a first-of-its-kind outcome-based bond that...

March 3, 2022
Greening Sovereign Debt Performance - Shared Risk and Rewards in Financing the Transition
Read MoreSovereign bond markets need to quickly and radically innovate in order to successfully integrate climate- and nature...

January 18, 2022
The elephant in the room: Bringing sustainable investment to Africa
Read MoreThe coronavirus pandemic has renewed interest in sustainable investing strategies that allow investors to both protect t

January 6, 2022
Striking the right note: Key performance indicators for sovereign sustainability-linked bonds
Read MoreA new World Bank report - Striking the Right Note : Key Performance Indicators for Sovereign Sustainability-Linked...

November 1, 2021
Case Study BELIZE DEBT CONVERSION FOR MARINE CONSERVATION
Read MoreIn November 2021, The Nature Conservancy (TNC) and the Government of Belize (Belize) announced the completion of a...

November 1, 2021
Linking sovereign debt to climate and nature outcomes. A guide for debt managers and environmental decision makers
Read MoreAs countries grapple with the triple crisis of debt, climate change and nature loss, compounded by the impacts of the...

October 18, 2021
Scaling up Green, Social, Sustainability and Sustainability-linked Bond Issuances in Developing Countries
Read MoreThis report explores the global landscape of the Green, Social, Sustainability and Sustainability-linked (GSSS) Bond...

July 29, 2021
Nature Performance Bonds - Frequently Asked Questions
Read MorePerformance-based debt instruments have the potential to transform the way nature, climate and other sustainability...

June 30, 2021
The Economic Case for Nature
Read MoreThe Economic Case for Nature is part of a series of papers by the World Bank that lays out the economic rationale for...

February 1, 2021
The Economics of Biodiversity: The Dasgupta Review
Read MoreFinal Report of the Independent Review on the Economics of Biodiversity led by Professor Sir Partha Dasgupta.

June 1, 2020
Sustainability-Linked Bond Principles
Read MoreSustainability-Linked Bonds (“SLBs”) aim to further develop the key role that debt markets can play in funding...

March 1, 2018
Sovereign Sustainability-Linked Bonds: Chile Sets A High Bar
Read MoreIn March 2018, as part of its Long Finance initiative, Z/Yen published the first edition of the Global Green Finance...

January 20, 2016
Conservation finance: from niche to mainstream : the building of an institutional asset class
Read MoreThe objective of this report is to identify financial product structures that have the potential to establish...



